Domino’s Pizza (NYSE:DPZ) Price Target Cut to $419.00 by Analysts at Loop Capital

Domino’s Pizza (NYSE:DPZ) had its target price cut by Loop Capital from $507.00 to $419.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Other analysts have also issued reports about the company. Jefferies Financial Group lifted their price target on Domino’s Pizza from $455.00 to $480.00 and gave the company a hold rating in a research note on Tuesday, April 16th. UBS Group lifted their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Morgan Stanley upped their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research report on Friday, April 12th. HSBC boosted their price objective on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group began coverage on Domino’s Pizza in a report on Thursday, June 13th. They issued a buy rating and a $612.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has an average rating of Moderate Buy and an average target price of $520.07.

Domino’s Pizza Price Performance

DPZ stock opened at $415.55 on Friday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.99 and a beta of 0.87. The company has a 50 day simple moving average of $504.13 and a 200 day simple moving average of $474.10. Domino’s Pizza has a 1 year low of $330.05 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $3.08 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post 16.18 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.45%. Domino’s Pizza’s dividend payout ratio is 39.43%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Vanguard Group Inc. increased its position in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at $322,859,000. TD Asset Management Inc raised its stake in shares of Domino’s Pizza by 27.8% during the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the period. Norges Bank purchased a new position in shares of Domino’s Pizza in the 4th quarter worth about $208,604,000. Finally, International Assets Investment Management LLC grew its position in Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after buying an additional 498,170 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.